Stock Report

Styrenix Perfomance Materials Ltd Q2 FY2023-24 PAT jumps to Rs. 56.41 crores

Posted On : 2023-10-20 21:43:54( TIMEZONE : IST )

INEOS Styrolution India Limited has reported Standalone financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 598.0338 crores during the period ended September 30, 2023 as compared to Rs. 545.8877 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 56.4161 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 32.4409 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 32.08 for the period ended September 30, 2023 as compared to Rs. 18.45 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹598.0338 crs	₹545.8877 crs	9.55%
Net Profit	₹56.4161 crs	₹32.4409 crs	73.90%
EPS	₹32.08	₹18.45	73.88%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs.598.0338 crores during the period ended September 30, 2023 as compared to Rs.553.6036 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.56.4161 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.23.6029 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.32.08 for the period ended September 30, 2023 as compared to Rs.13.42 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹598.0338 crs	₹553.6036 crs	8.03%
Net Profit	₹56.4161 crs	₹23.6029 crs	139.02%
EPS	₹32.08	₹13.42	139.05%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.1143.9215 crores during the 6 Months period ended September 30, 2023 as compared to Rs.1209.4709 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.88.8570 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.110.3886 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.50.53 for the 6 Months period ended September 30, 2023 as compared to Rs.62.77 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹1143.9215 crs	₹1209.4709 crs	-5.42%
Net Profit	₹88.8570 crs	₹110.3886 crs	-19.51%
EPS	₹50.53	₹62.77	-19.50%

Shares of INEOS Styrolution India Limited was last trading in BSE at Rs. 1275.20 as compared to the previous close of Rs. 1235.15. The total number of shares traded during the day was 7676 in over 1151 trades.

The stock hit an intraday high of Rs. 1280.05 and intraday low of 1219.50. The net turnover during the day was Rs. 9702069.00.